Yonghui Superstores Correlations

601933 Stock   4.70  0.06  1.26%   
The current 90-days correlation between Yonghui Superstores and Jinxiandai Information Industry is 0.24 (i.e., Modest diversification). The correlation of Yonghui Superstores is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Yonghui Superstores Correlation With Market

Good diversification

The correlation between Yonghui Superstores Co and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yonghui Superstores Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Yonghui Superstores could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yonghui Superstores when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Yonghui Superstores - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Yonghui Superstores Co to buy it.

Moving together with Yonghui Stock

  0.73601857 PetroChinaPairCorr
  0.73600941 China Mobile LimitedPairCorr
  0.73600938 CNOOC LimitedPairCorr
  0.87600028 China Petroleum ChemicalPairCorr
  0.87601668 China State ConstructionPairCorr
  0.64601088 China Shenhua EnergyPairCorr
  0.72601628 China Life InsurancePairCorr

Moving against Yonghui Stock

  0.61300674 Yusys TechnologiesPairCorr
  0.58300530 Hunan Lead PowerPairCorr
  0.48300840 Qingdao Kutesmart CoPairCorr
  0.48300354 DongHua Testing TechPairCorr
  0.44002418 Zhe Jiang KangshengPairCorr
  0.38601728 China Telecom CorpPairCorr
  0.36002853 Guangdong Piano CustPairCorr
  0.32605118 Xiamen Leading OpticsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Yonghui Stock performing well and Yonghui Superstores Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Yonghui Superstores' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Yonghui Superstores without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Yonghui Superstores Corporate Executives

Elected by the shareholders, the Yonghui Superstores' board of directors comprises two types of representatives: Yonghui Superstores inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yonghui. The board's role is to monitor Yonghui Superstores' management team and ensure that shareholders' interests are well served. Yonghui Superstores' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Yonghui Superstores' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kaizhi WuFinancial CFOProfile